Word: marketeers
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...Mixed' is a word that pops up often in financial research reports these days. The measures that give us hints about which way the economy and markets are headed - everything from the number of people out of work to how difficult it is for companies to fund themselves are pointing in every which direction. As a new Bank of America-Merrill Lynch report puts it: 'The [stock market] indicators are fairly evenly divided between positive and negative readings...
...That's not too helpful. It would be nice to know if it were time to breathe easier, time to buy into the market, time spend a little more money with a little less trepidation. Unfortunately - or maybe fortunately - the economic and market forecasters have turned brutally honest on us. We're all waiting to see. (See pictures of top 10 scared looks of stock traders...
...Despite the stealth approach, industry experts expect Wal-Mart, known for squeezing efficiencies out of suppliers and supply chains, to have an impact on India's $375 billion retail market, which is dominated by mom-and-pop businesses and outmoded distribution networks. "We can learn the science of retailing, how to build scale and efficiencies," says Kishore Biyani, chairman of Pantaloon Retail, India's largest homegrown retailer with 114 hypermarkets...
...anticipation of its India launch, Wal-Mart for the last three years has been developing a network of suppliers to stock its stores with fresh produce and staples like lentils, wheat and rice - all with an appreciation for variations in local cultures and tastes. "India is not a homogenous market, so ours is not a cookie-cutter approach from the U.S.," says Raj Jain, president of Wal-Mart India...
...Indeed, Indian mass-merchandisers over the last several years expanded frenetically, trying to get a jump on foreign chains should Indian politicians eventually decide to open up the market to direct competition from overseas. Reliance Industries built 940 stores across the country in 18 months. Aditya Birla group has opened 548 stores since 2007. Today, with India's economy slowing and with losses piling up, the domestic retailers have shut some outlets and laid off employees, partly because of difficulties in keeping large chains supplied with goods. "When you start opening stores and then work backwards, even we get scared...